Sep

12

The developers of a 167 acres mixed-use project in southeastern Idaho called the Horse Station at Cache Valley announced today that Cushman & Wakefield | Commerce Real Estate Solutions has been signed as the exclusive real estate brokerage firm and listing agent for the endeavor. The agreement marks a significant advancement for the project.

Cushman & Wakefield is a globally active brokerage with headquarters in New York and offices located around the world. They are active in virtually every sector of commercial real estate including the hospitality and lodging industry, retail, office, healthcare, non-profits, banking and financial services; all sectors which have a role in the further implementation of the Horse Station development strategy.

Commerce Real Estate Solutions has been among the top commercial real estate firms in the Intermountain region and Pacific Northwest for over 30 years. The company is headquartered in Salt Lake City, Utah with offices in Ogden, Park City, Provo and St. George, Utah, Boise, Idaho, Las Vegas and Reno, Nevada, Seattle and Bellevue, Washington. Developers will be working most closely with the Boise office on the execution of a sales and marketing strategy for the Horse Station commercial property.

The local, regional, national and international scope of the Cushman &Wakefield | Commerce network of large real estate development companies and investment entities, individual sector participants and others will afford an extensive array of parties that represent potential purchasers of property, joint venture partners and others that can contribute to the project. Their marketing resources and commitment to a proactive recruitment effort add further value to the Horse Station.

“We are very enthusiastic about the professional relationship with Cushman & Wakefield | Commerce as a welcome alliance that can bring our development opportunities to the world market,” said Ernest Bleinberger whose firm Strategy 5 LLC serves as the Master Developer for the project in conjunction with Travell Enterprises, Inc. which is the property owner. “We’re ready to ramp up the marketing and sales process for the project several notches, and this will afford the necessary reach and professional experience to achieve our goals and objectives at this point in the process.”

Chad Hamilton, Associate Director and Land Specialist for Cushman Wakefield | Commerce said, “We are excited to work in conjunction with Strategy 5 in Southeastern Idaho on the 167 acre mixed-use project referred to as the Horse Station at Cache Valley. With interstate transportation along Rt. 89 / 91 and easy access to some of the most pristine parts of Idaho, we feel this will be the hub for further development and enhancement of the equestrian market. This project will help support the national equine industry, and it will also be one of the largest projects coming on line for 2014.”

The Horse Station at Cache Valley is located in Franklin City, Idaho, with a premier location on the Utah border and Rt. 89 / 91 which is a major tourism corridor linking Yellowstone National Park, the Grand Teton National Park, Jackson, Wyoming and other destinations to the north, with Salt Lake City, Zions National Park, Phoenix, Las Vegas, Reno, Denver and destinations to the south. More than 2 million cars pass the development site each year.

The project is planned to include equestrian and agricultural facilities and other businesses that will contribute to the synergy of the project. These will include a hotel, locally-driven consumer and service retail, restaurants, professional offices, veterinary center, specialty food operations, and multi-family components among others. A variety of cultural heritage elements are also planned as attractions woven into the fabric of the project.

The Horse Station has received unanimous approvals by the Franklin Planning and Zoning Commission and the Franklin City Mayor and City Council for several entitlement steps including the Master Plan, rezoning, Preliminary Plat and utility master plan. A Final Plat for a large portion of the commercial corridor in the project, along with construction drawings for infrastructure have also been approved.